New Delhi, April 2 -- Zaggle Prepaid share price slumped nearly 40% from its 52-week high recently. Zaggle Prepaid share price today rose by 3% following a partnership with Truecaller International LLP. Recently, Bajaj Broking began coverage on the fintech stock with a 'Buy' rating, predicting a 30% upside and establishing a target price of Rs.456.

As stated by the brokerage, Zaggle is rapidly growing by pursuing strategic acquisitions and developing new product categories, including the acquisition of a 26% interest in a UPI switch provider, with intentions to raise its stake to 42%.

The company is branching out into fleet management (Zatix) and international payment solutions. It is also considering mergers and acquisitions to enhance...